Manzer Company uses the FIFO method to account for the costs of production. For crushing, the first

Question:

Manzer Company uses the FIFO method to account for the costs of production. For crushing, the first processing department, the following equivalent units schedule has been prepared for November:

The cost per equivalent unit for the period was as follows:
Direct materials ..... $3.00
Conversion costs ...... 5.00
Total .......... $8.00
The cost of beginning work in process was direct materials, $30,000; conversion costs, $25,000.

Required:
1. Determine the cost of ending work in process and the cost of goods transferred out.
2. Prepare a physical flowschedule.